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Aramark price target raised to $45 from $44 at Baird

Aramark price target raised to $45 from $44 at Baird

Baird raised the firm’s price target on Aramark (ARMK) to $45 from $44 and keeps a Neutral rating on the shares. The firm met with management who noted solid momentum while Baird looks for more controversy/debate to become more overtly positive; but valuation is attractive on EPS and EBITDA, slightly less so on FCF.

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